"Imagine three types of wealthy people. One guy is putting his capital into building his business. Then there’s a woman who’s giving most of her wealth to chari

"Imagine three types of wealthy people. One guy is putting his capital into building his business. Then there’s a woman who’s giving most of her wealth to charity. A third person is mostly consuming, spending a lot of money on things like a yacht and plane. While it’s true that the wealth of all three people is contributing to inequality, I would argue that the first two are delivering more value to society than the third." Of course buying yourself things you don't need delivers less value to society than commerce or philanthropy. Of course. Absolutely. But maybe... Maybe buying yourself things gives you the chance to have unique experiences. Maybe hitting golf balls into the ocean from the deck of your megayacht gives you the relaxing moment you need to figure out how to boost profits by 300%. Maybe doing a ton of blow and driving a Jaguar give you the necessary experiences to write awesome rock tunes that inspire millions. Maybe if Galileo Galilei hadn't bought himself a lump of clear glass in 1609 we wouldn't know about space.